News

Lessons From the Failure of MF Global - WSJ.com The number that ended up killing MF Global Holdings Ltd. lay buried in a 139-page regulatory filing. The second row of a table on page 78 of the securities firm's latest annual…

European shares are rebounding after a two-day decline; dollar is mostly higher in G10. Italian politics remains front and center ahead of budget vote; UK outlook remains sluggish. With US calendar light, markets likely to focus on Fed…

Europe's rescue fiasco leaves Italy defenceless - Telegraph The sixty days allotted to save monetary union have expired. The G20 has come and gone, yet no workable firewall is in place as the drama engulfs Italy and…

European shares have given back early morning gains as Berlusconi denies resignation reports. Market attention will remain focused on political developments in the euro zone; Italy likely to overshadow Greece now. Light US data is likely to…

Roubini On Internal Devaluation - NYTimes.com The international experience of “internal devaluations” is mostly one of failure. tags: deflation austerity Europe Canucks Anonymous: Fixing what's wrong…

BBC News - Greeks will have 'Bulgarian salary with London prices' Greece's 340 billion euro debt has led to huge austerity cuts which have dramatically impacted the standard of living in the country. Ilia Iatrou, a…

BBC News - Kellogg's outlook suffers after axing 'too many jobs' Cereal maker Kellogg's has announced a $70m (£43.6m) investment in its factories after too many job cuts undermined production standards. tags: jobs…

Markets are cautiously optimistic ahead of Greek confidence vote, US payrolls and G20. US private payrolls expected to increase by 125k; Greek headlines still likely to drive price action. G20 unlikely to deliver much in terms of policy…

Euro stability more important than Greece, says Angela Merkel | Business | The Guardian Merkel said: "We would rather achieve a stabilisation of the euro with Greece than without Greece, but this goal of stabilising…

European stocks rebounding amid talks of Greek government collapse, potential referendum withdrawal. ECB likely to remain on hold but signal December rate cut; US service ISM key data report today. EM focus on potential for China easing…